If the inflation rate in India and the USA is respectively 7% and 4% and if interest rate in the USA is 6%, find the interest rate is India based on Fisher's equation. Find out the amount of profit...

If the inflation rate in India and the USA is respectively 7% and 4% and if interest rate in the USA is 6%, find the interest rate is India based on Fisher's equation.

Find out the amount of profit out of covered interest arbitrage if interest rate in India and the USA is respectively 9% and 4.50% and spot and the 6-month forward exchange rates are respectively Rs 45.00 and Rs 45.20.